Looking to diversify beyond FIRFX? The mutual funds below have the lowest correlation with FIRFX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from FIRFX.
Best Diversifiers for FIRFX
1 mutual funds have low correlation with FIRFX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.27, up from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.27 | 0.15 | 0.09 | 96 | Equity Market Neutral | FIRFX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.46 | 0.24 | 0.02 | 51 | Systematic Trend | FIRFX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | 0.65 | 0.67 | 0.73 | 50 | Technology Equities | FIRFX vs BGSAX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.71 | 0.71 | 0.75 | 60 | Large Cap Growth Equities | FIRFX vs NASDX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.79 | 0.84 | 0.86 | 78 | Target Retirement Date | FIRFX vs DRILX |
See all 70 diversifiers for FIRFX
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Diversification Analysis
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